I have been monitoring the CNXSmallCap Vs Nifty50. Whenever the Small cap is trending above the Nifty, then small caps are overvalued by Mr. market than Nifty. And whenever small cap keeps trending above but Nifty is trending lower or showing negative divergence, then small caps starts to correct. The correction started early 2018, now its been correcting for past 18months+ and now small caps have gone below Nifty50.
From the monthly chart comparison of CNXSmallCap Vs Nifty50, everytime small caps go below the Nifty50, a long term bull trend starts for small caps, where the returns have been even 3x to 7x on historical basis.
So, based on this analysis, I have gone in for a basket of small caps which I have been tracking for a while which I hope will have good earnings growth. I have started SIP on these 10 stocks. This is in addition to my current portfolio. I may also do a small cap index fund
Accordingly my Small Cap SIP portfolio for next 2 years+. Going to have more or less equal weightage
My other lumpsum portfolio is
Given, I am shifting to small & midcap strategy, I am having to diversify PF to have more stocks.
Now, my PF churn is completed. I dont intend to add or change this forseeable feature. Now, time to sit & sidelines and watch. 
Please provide your valuable feedback & comments on the strategy.